Offshore drilling contractor Vantage Drilling has extended the expiration date for the conditional letter of award (CLOA) for its Platinum Explorer ultra-deepwater drillship, agreed with an undisclosed client.The 90-day validity period of the…
Canadian exploration and production company Central European Petroleum (CEP) has made a significant oil discovery in its fully owned and operated Wolin East 1 (WE1) well, located in the Baltic Sea, offshore Poland.The WE1 well was drilled using…
Norwegian oil and gas company Pandion Energy has entered into an agreement to sell its participating interests in three assets comprising seven production licenses on the Norwegian Continental Shelf (NCS) to Inpex Idemitsu Norge, owned by Japan’s Inpex…
UK-based oil firm Serica Energy has completed the acquisition of Parkmead’s subsidiary, Parkmead E&P, securing rights for Skerryvore and Fynn Beauly prospects in the North Sea.The acquisition, announced in 2024, is worth up to $180 million for Parkmead…
OMV Petrom and NewMed Energy, the partners in Han Asparuh block in the Black Sea, have hired Noble Corporation’s Globetrotter I ultra-deepwater drillship to drill two exploration wells offshore Bulgaria.The two wells will be drilled on the Han-Asparuh Block…
Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday…
Norway's combined oil and gas production exceeded an official forecast by 2.3% in June, the Norwegian Offshore Directorate (NOD) said on Tuesday.Norway is Europe's largest supplier of natural gas and a major producer of oil, but output varies…
China's state-owned oil and gas firm China National Offshore Oil Corporation (CNOOC) has brought online the Kenli 10-2 oil field (Phase I), the largest shallow lithological oil field offshore China.The project is located in southern Bohai Sea…
Brazilian oil and gas company Brava Energia has connected two more wells at Atlanta field to the floating, production storage, and offloading (FPSO) unit, operating off Brazil, with the peak production expected to be reached in the coming months…
Precision engineering firm Hunting has secured awarded an order worth $31 million for its titanium stress joints (TSJs), which will form part of a phase three deepwater gas development in the Turkish area of the Black Sea.Hunting's Subsea Spring business unit…
Portugal's Galp Energia on Monday raised its core profit target for the full year after a better-than-expected performance in the second quarter and said it expects to find a partner to develop a promising oil discovery offshore Namibia.Shares were up 2…
Dutch offshore contractor Marine Masters has completed its offshore scope for the decommissioning of the South Angsi Alpha (SAA) platform, operated by Hibiscus Oil & Gas Malaysia, marking a major milestone in the repurposing of retired offshore infrastructure…
Brazilian oil and gas firm PRIO has secured a preliminary license from the Brazilian Institute of the Environment and Natural Renewable Resources (Ibama) for the Wahoo field production development system and interconnection of the new wells to the Frade floating production…
Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years.On Friday, the U.S. oil producer closed its $55-billion acquisition…
Vår Energi has made a new commercial gas and condensate discovery in the Vidsyn exploration well, located close to the its operated Fenja field in the Norwegian Sea.The discovery is the third commercial discovery for Vår Energi so far in 2025 and will be evaluated as a potential tie-in to Fenja…